Investors Await Capillary Technologies IPO Allotment Result
The highly anticipated initial public offering (IPO) of Capillary Technologies India has officially closed, concluding with an overwhelming response from investors. The public issue, which ended on Tuesday, was subscribed a remarkable 52.95 times, signaling massive confidence in the AI-driven SaaS company. With the bidding process complete, the focus for thousands of applicants has now shifted to the crucial allotment status.
GMP Surge Hints at Strong Listing Gains
Adding to the investor excitement, the grey market premium (GMP) for Capillary Technologies shares has reached a new peak. Today, the GMP jumped to ₹62, its highest level so far. Given the upper end of the IPO price band was set at ₹577 per share, this GMP suggests that the stock could list at approximately ₹639. This would represent a handsome premium of nearly 11% over the issue price, offering early subscribers a significant potential gain on listing day.
IPO Details and Company Profile
Ahead of its public issue, Capillary Technologies secured a strong foundation by raising ₹394 crore from anchor investors. The IPO itself was a mix of fresh issuance and an offer for sale. The company had set a price band of ₹549 to ₹577 per share.
The structure of the offer included:
- A fresh issue of equity shares worth ₹345 crore.
- An offer for sale (OFS) of 92,28,796 shares by existing selling shareholders.
Capillary Technologies is a prominent player in the software-as-a-service (SaaS) sector. The company provides cloud-native, AI-driven products that assist global enterprises in building and managing loyalty among their consumers and channel partners. The company’s shares are proposed to be listed on both major Indian stock exchanges, the BSE and the NSE.
Stay tuned to this space for all the live updates on the Capillary Technologies IPO allotment as the results are finalized today, November 19.
